Duff & Phelps Global Utility Income Fund Inc. Provides Corrected Performance for Period Ending November 30, 2017
CHICAGO, Dec. 20, 2017 /PRNewswire/ -- Duff & Phelps Global Utility Income Fund Inc. (NYSE: DPG), a closed-end fund advised by Duff & Phelps Investment Management Co., today provided the following fund performance as of November 30, 2017, to correct performance reported on December 14, 2017:
| As of November 30, 2017 |
|
| Average annual total return on NAV for the 5 years |
5.60% |
| Annualized current distribution rate as a percentage of NAV |
7.85% |
| Cumulative total return on NAV for the fiscal year |
2.12% |
| Cumulative fiscal year distributions as a percentage of NAV |
1.96% |
There are no changes to the authorized payment of dividends on its common stock, which was disclosed on December 14, 2017, nor to the distribution estimates as shown below:
| Dividend Payment |
|||
| Cents Per Share |
Ex-Date |
Record Date |
Payable Date |
| $0.35 |
March 14, 2018 |
March 15, 2018 |
March 29, 2018 |
| Distribution Estimates |
December 2017 (QTD) |
Year-to-date (YTD) |
||
|
(Sources) |
Per Share Amount |
% of Current |
Per Share |
% of |
| Net Investment Income |
$ 0.053 |
15.3% |
$ 0.053 |
15.3% |
| Net Realized Foreign Currency Gains |
- |
0.0% |
- |
0.0% |
| Net Realized Short-Term Capital Gains |
- |
0.0% |
- |
0.0% |
| Net Realized Long-Term Capital Gains |
0.235 |
67.1% |
0.235 |
67.1% |
| Return of Capital (or other Capital Source) |
0.062 |
17.6% |
0.062 |
17.6% |
| Total |
$ 0.350 |
100.0% |
$ 0.350 |
100.0% |
The fund estimates that it has distributed more than its income and capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the fund is paid back to you. A return of capital distribution does not necessarily reflect the fund's investment performance and should not be confused with 'yield' or 'income'.
The amounts and sources of distributions reported in this notice are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the fund's investment experience during the remainder of the fiscal year and may be subject to changes based on tax regulations. The fund or your broker will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.
The fund will issue a separate 19(a) notice at the time of each quarterly distribution using the most current financial information available.
About the Fund
Duff & Phelps Global Utility Income Fund Inc. is a closed-end investment management company whose investment objective is to seek total return, resulting primarily from (i) a high level of current income, with an emphasis on providing tax-advantaged dividend income and (ii) growth in current income, and secondarily from capital appreciation. The fund seeks to achieve these objectives by investing in equities of domestic and foreign utility companies in the electric, gas, water, telecommunications, and midstream energy sectors. For more information, please contact shareholder services at (866) 270-7598, by email at [email protected], or visit the DPG website, www.dpgfund.com.
About the Investment Adviser
Duff & Phelps Investment Management Co. is a subsidiary of Virtus Investment Partners (NASDAQ: VRTS), a multi-boutique asset manager. Duff & Phelps has more than 35 years of experience managing investment portfolios, including institutional separate accounts and open- and closed-end funds investing in utilities, infrastructure, MLPs and real estate investment trusts (REITs). For more information, visit www.dpimc.com.
SOURCE Duff & Phelps Global Utility Income Fund Inc.
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